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Commercial Card News Brought to You by the NAPCP: Industry Regulation

European Commission concerned that Visa’s interchange fees violate antitrust rules

Wednesday, August 01, 2012   (0 Comments)

As announced by the European Commission on July 31, 2012, the Commission has informed Visa of concerns about possible violations of EU antitrust rules concerning multilateral interchange fees (MIFs) set by Visa for transactions with consumer credit cards in the European Economic Area (EEA). The Commission's preliminary view is that these MIFs restrict competition between banks and infringe EU antitrust rules that prohibit cartels and restrictive business practices. Read the complete press complete.

This news comes just two weeks after Visa, MasterCard and major banks settled a U.S. lawsuit related to the fees and rules for card acceptance, demonstrating that interchange continues to be scrutinized worldwide.

Learn more about the fees related to card acceptance by visiting the Pricing and Revenue section of the Resource Center.

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